Wednesday September 14, 2011 4:43 pm

Turntable.fm now available on the iPhone

Turntable.fm is having a good week. The music streaming site on Tuesday released its iPhone app and confirmed that it has raised $7 million in funding.

It had been rumored that an iOS version of the popular service was headed to the App Store this week, and as expected, the app mimics the Web-based experience of Turntable, allowing you to do the same things on your mobile phone that you could do online. For example you can access all of the same rooms where five DJs take turns bumping the songs of their choice as well as rate those tracks as “lame” or “awesome.”

From the app, you can also make new rooms and start DJing in existing ones. The app has been well received for the most part, but VentureBeat pointed out that it moves a little bit slower than the desktop version. However, it noted that it works well over 3G, which rumored to be an issue for the app during its testing phase.

Launched in May, Turntable.fm has been popular since the beginning. In its first month, the service added 140,000 users. According to the Business Insider, it’s now been used by 600,000 people, 40 percent of which are active users. On the service, users are streaming one million songs each day, BI added.

Turntable’s most recent funding round was led by Union Square Ventures. It’s been speculated, though unconfirmed that Kanye West and Lady Gaga have invested in Turntable.fm. They’re not the only music industry folks involved with the site. Other investors include The Roots, Gaga’s manager Troy Carter, Madonna’s manager Guy Oseary, and Courtney Holt from MTV.